A long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) has been signed between BP Singapore and Pavilion Energy.
The deal will see 800,000 tonnes of LNG supplied to Singapore for 10 years from 2024.
With a plan to co-develop a greenhouse gas (GNG) quantification and reporting strategy, both companies have agreed that reducing their carbon footprint should also be prioritised.
Frédéric H. Barnaud, Group CEO of Pavilion Energy, said about the partnership, “This agreement further strengthens our relationship with BP as Pavilion Energy advances our strategies for a lower carbon future, beginning with GHG emissions quantification, reduction and offsets for Singapore.”
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